Archive for September 18th, 2019
Business Briefs 18 Sep 2019
* Thang Long Air Services Corporation (Taseco) has sold 4.5 million shares of Taseco Air Services JSC (AST) to Stic Pan-Asia 4th Industry Growth Private Equity Fund, a South [...] » More
Korea to develop anti-drone system amid standoff with North
South Korea is to invest 88 billion won ($74 million) to develop a weapons system by 2023 that can detect and strike drones, its procurement agency said on Tuesday, after [...] » More
Asian shares mixed, HK skids after Moody’s downgrade
Shares were mixed in Asia on Tuesday, led by declines in Chinese benchmarks after the credit ratings agency Moody’s downgraded Hong Kong, citing the city’s recent [...] » More
HK protests are growing smaller but more violent and ugly
Dozens of people were injured Sunday in another night of violence in Hong Kong, as the city marked its fifteenth consecutive weekend of anti-government protests. Thousands of [...] » More
Lam says PR firms declined to help restore HK’s image
Hong Kong leader Carrie Lam said Tuesday that the government had asked international public relations firms to help restore the city’s reputation, battered by months of [...] » More
Eight injured after HK train derails at rush hour
A rare train derailment disrupted services in Hong Kong on Tuesday, the rail operator said, threatening commuter chaos during rush hour. The disruption to a usually seamless [...] » More
HK legislator urges UN rights body to probe ‘police abuse’
A pro-democracy Hong Kong legislator called on the top UN human rights body on Monday to investigate what she said were “brutal crackdowns” and “police [...] » More
HK leader Carrie Lam to hold dialogue aimed at easing tensions
Hong Kong’s leader, Carrie Lam, said on Tuesday she and her team would begin dialogue sessions with the community next week, while reiterating that violence that has [...] » More
HK Airlines to reduce number of flights as protests take toll on carriers
Hong Kong Airlines will cut 7 per cent of passenger flights until the end of the year as it responds to a sharp fall in demand that is deepening its financial problems. The [...] » More
Stand up to Beijing, HK singer tells US lawmakers, companies
Hong Kong singer and activist Denise Ho wants US lawmakers and companies to criticise Beijing’s actions in Hong Kong, to help change the Chinese Communist Party’s [...] » More
Budweiser to raise $4.8 billion in HK IPO, adds Singapore sovereign wealth fund GIC as investor
Budweiser Brewing Company APAC said on Tuesday that it plans to raise up to $4.8 billion and add Singapore sovereign wealth fund GIC Private Limited as a cornerstone investor [...] » More
HK lawmaker urges UN to probe growing ‘police brutality’
A Hong Kong lawmaker called Monday on the UN to launch an international investigation into a police crackdown on pro-democracy protests, voicing alarm at escalating [...] » More
Train derails in HK during rush hour
A passenger train derailed during the morning rush hour in Hong Kong on Tuesday leaving eight people injured, authorities said. Images from the scene showed three carriages [...] » More
HK leader Carrie Lam to meet public next week in first of dialogue sessions to defuse protest crisis
Hong Kong’s embattled leader is set to finally open talks with members of the public next week after months of anti-government protests, as she attempts to reconnect [...] » More
US whistle-blower Edward Snowden ‘left HK because government resisted UN protection’
American whistle-blower Edward Snowden has said he was forced to leave Hong Kong in 2013 because the city’s government resisted any United Nations efforts to grant him [...] » More
